PriceSmart (PSMT) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of PriceSmart (NASDAQ:PSMT) from a sell rating to a hold rating in a research note released on Friday morning.

A number of other brokerages also recently weighed in on PSMT. Scotia Howard Weill reaffirmed a sector perform rating on shares of PriceSmart in a research report on Friday, January 5th. Howard Weil downgraded PriceSmart from a sector outperform rating to a sector perform rating in a research report on Friday, January 5th. Scotiabank downgraded PriceSmart to a hold rating and set a $90.00 price objective on the stock. in a research report on Friday, January 5th. BidaskClub raised PriceSmart from a sell rating to a hold rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research raised PriceSmart from a sell rating to a hold rating and set a $96.00 price objective on the stock in a research report on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $92.50.

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PriceSmart (PSMT) opened at $82.35 on Friday. PriceSmart has a 12-month low of $77.50 and a 12-month high of $94.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 1.39. The stock has a market capitalization of $2,503.77, a price-to-earnings ratio of 28.40 and a beta of 1.30.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.08). PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The firm had revenue of $767.10 million for the quarter, compared to the consensus estimate of $764.67 million. During the same period in the previous year, the company posted $0.82 EPS. PriceSmart’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts forecast that PriceSmart will post 3.2 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.35 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 14th. PriceSmart’s payout ratio is currently 24.14%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in PriceSmart by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,367,489 shares of the company’s stock valued at $117,742,000 after purchasing an additional 3,940 shares in the last quarter. Genesis Asset Managers LLP raised its stake in PriceSmart by 25.2% in the fourth quarter. Genesis Asset Managers LLP now owns 1,135,665 shares of the company’s stock valued at $97,781,000 after buying an additional 228,715 shares during the last quarter. Renaissance Technologies LLC raised its stake in PriceSmart by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 683,900 shares of the company’s stock valued at $58,884,000 after buying an additional 15,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in PriceSmart by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock valued at $58,374,000 after buying an additional 12,039 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in PriceSmart by 15.8% in the fourth quarter. Brown Advisory Inc. now owns 350,272 shares of the company’s stock valued at $30,159,000 after buying an additional 47,736 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors.

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About PriceSmart

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PriceSmart (NASDAQ:PSMT)

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